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Economic Feasibility Analysis of the Application of Geothermal Energy Facilities to Public Building Structures

Author

Listed:
  • Sangyong Kim

    (School of Construction Management and Engineering, University of Reading, Whiteknights, P.O. Box 219, Reading RG6 6AW, UK)

  • Young Jun Jang

    (Department of Plant/Architectural Engineering, Kyonggi University, Suwon-si, Gyeonggi-do 443-760, Korea)

  • Yoonseok Shin

    (Department of Plant/Architectural Engineering, Kyonggi University, Suwon-si, Gyeonggi-do 443-760, Korea)

  • Gwang-Hee Kim

    (Department of Plant/Architectural Engineering, Kyonggi University, Suwon-si, Gyeonggi-do 443-760, Korea)

Abstract

This study aims to present an efficient plan for the application of a geothermal energy facility at the building structure planning phase. Energy consumption, energy cost and the primary energy consumption of buildings were calculated to enable a comparison of buildings prior to the application of a geothermal energy facility. The capacity for energy savings and the costs related to the installation of such a facility were estimated. To obtain more reliable criteria for economic feasibility, the lifecycle cost (LCC) analysis incorporated maintenance costs (reflecting repair and replacement cycles based on construction work specifications of a new renewable energy facility) and initial construction costs (calculated based on design drawings for its practical installation). It is expected that the findings of this study will help in the selection of an economically viable geothermal energy facility at the building construction planning phase.

Suggested Citation

  • Sangyong Kim & Young Jun Jang & Yoonseok Shin & Gwang-Hee Kim, 2014. "Economic Feasibility Analysis of the Application of Geothermal Energy Facilities to Public Building Structures," Sustainability, MDPI, vol. 6(4), pages 1-19, March.
    • Handle: RePEc:gam:jsusta:v:6:y:2014:i:4:p:1667-1685:d:34516
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    Citations

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    Cited by:

    1. Vivek Aggarwal & Chandan Swaroop Meena & Ashok Kumar & Tabish Alam & Anuj Kumar & Arijit Ghosh & Aritra Ghosh, 2020. "Potential and Future Prospects of Geothermal Energy in Space Conditioning of Buildings: India and Worldwide Review," Sustainability, MDPI, vol. 12(20), pages 1-19, October.
    2. Michal Vokurka & Antonín Kunz, 2022. "Case Study of Using the Geothermal Potential of Mine Water for Central District Heating—The Rožná Deposit, Czech Republic," Sustainability, MDPI, vol. 14(4), pages 1-20, February.

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